GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Westinghouse Air Brake Technologies Corp (NYSE:WAB) » Definitions » Cyclically Adjusted Price-to-FCF

Westinghouse Air Brake Technologies (Westinghouse Air Brake Technologies) Cyclically Adjusted Price-to-FCF : 34.46 (As of Apr. 27, 2024)


View and export this data going back to 1995. Start your Free Trial

What is Westinghouse Air Brake Technologies Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Westinghouse Air Brake Technologies's current share price is $164.36. Westinghouse Air Brake Technologies's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $4.77. Westinghouse Air Brake Technologies's Cyclically Adjusted Price-to-FCF for today is 34.46.

The historical rank and industry rank for Westinghouse Air Brake Technologies's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

WAB' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.32   Med: 28.5   Max: 52.99
Current: 34.19

During the past years, Westinghouse Air Brake Technologies's highest Cyclically Adjusted Price-to-FCF was 52.99. The lowest was 13.32. And the median was 28.50.

WAB's Cyclically Adjusted Price-to-FCF is ranked worse than
70.73% of 410 companies
in the Transportation industry
Industry Median: 17.54 vs WAB: 34.19

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Westinghouse Air Brake Technologies's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $1.710. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $4.77 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Westinghouse Air Brake Technologies Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Westinghouse Air Brake Technologies's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Westinghouse Air Brake Technologies Cyclically Adjusted Price-to-FCF Chart

Westinghouse Air Brake Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.44 22.52 24.74 23.85 27.42

Westinghouse Air Brake Technologies Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.12 25.67 23.70 27.42 30.52

Competitive Comparison of Westinghouse Air Brake Technologies's Cyclically Adjusted Price-to-FCF

For the Railroads subindustry, Westinghouse Air Brake Technologies's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Westinghouse Air Brake Technologies's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Westinghouse Air Brake Technologies's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Westinghouse Air Brake Technologies's Cyclically Adjusted Price-to-FCF falls into.



Westinghouse Air Brake Technologies Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Westinghouse Air Brake Technologies's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=164.36/4.77
=34.46

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Westinghouse Air Brake Technologies's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Westinghouse Air Brake Technologies's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.71/129.4194*129.4194
=1.710

Current CPI (Mar. 2024) = 129.4194.

Westinghouse Air Brake Technologies Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.024 100.560 1.318
201409 0.824 100.428 1.062
201412 2.324 99.070 3.036
201503 0.361 99.621 0.469
201506 0.563 100.684 0.724
201509 1.357 100.392 1.749
201512 1.856 99.792 2.407
201603 0.728 100.470 0.938
201606 1.411 101.688 1.796
201609 0.225 101.861 0.286
201612 2.043 101.863 2.596
201703 -0.473 102.862 -0.595
201706 -0.070 103.349 -0.088
201709 0.191 104.136 0.237
201712 1.372 104.011 1.707
201803 0.070 105.290 0.086
201806 0.222 106.317 0.270
201809 -0.563 106.507 -0.684
201812 2.558 105.998 3.123
201903 0.013 107.251 0.016
201906 1.986 108.070 2.378
201909 0.382 108.329 0.456
201912 1.947 108.420 2.324
202003 -0.602 108.902 -0.715
202006 1.452 108.767 1.728
202009 1.043 109.815 1.229
202012 1.521 109.897 1.791
202103 1.403 111.754 1.625
202106 1.032 114.631 1.165
202109 1.176 115.734 1.315
202112 1.404 117.630 1.545
202203 0.762 121.301 0.813
202206 1.277 125.017 1.322
202209 0.946 125.227 0.978
202212 1.886 125.222 1.949
202303 -0.316 127.348 -0.321
202306 0.429 128.729 0.431
202309 2.154 129.860 2.147
202312 3.404 129.419 3.404
202403 1.710 129.419 1.710

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Westinghouse Air Brake Technologies  (NYSE:WAB) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Westinghouse Air Brake Technologies Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Westinghouse Air Brake Technologies's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Westinghouse Air Brake Technologies (Westinghouse Air Brake Technologies) Business Description

Traded in Other Exchanges
Address
30 Isabella Street, Pittsburgh, PA, USA, 15212
Westinghouse Air Brake Technologies Corp is a provider of value-added, technology-based products and services for the rail industry. It provides its products and services through two main business segments, Freight and Transit. The company generates maximum revenue from the Freight segment.
Executives
Kristine Kubacki other: VP, Investor Relations 1001 AIR BRAKE AVENUE, WILMERDING PA 15148
Michael Fetsko officer: Pres., Freight Components Grp. 1001 AIR BRAKE AVENUE, WILMERDING PA 15148
Alicia Hammersmith officer: President - Services Group 30 ISABELLA STREET, PITTSBURGH PA 15212
Albert J Neupaver director
William E Kassling director C/O WASTEC, 10001 AIR BREAK AVE, WILMERDING PA 15148
Mastalerz John A Jr officer: VP Fin., Corp. Controller, CAO 1001 AIR BRAKE AVENUE, WILMERDING PA 15148
Linda S Harty director MEDTRONIC PLC, 710 MEDTRONIC PARKWAY NE, LC-150, MINNEAPOLIS MN 55432
David L Deninno officer: Exec VP, General Counsel, Sec. 1001 AIR BRAKE AVENUE, WILMERDING PA 15148
Byron S Foster director 30 ISABELLA ST., PITTSBURGH PA 15212
Lee C Banks director PARKER HANNIFIN CORP, 6035 PARKLAND BLVD, CLEVELAND OH 44124-4141
Ann R. Klee director 30 ISABELLA ST., PITTSBURGH PA 15212
Eric Gebhardt officer: Chief Technology Officer 30 ISABELLA STREET, PITTSBURGH PA 15212
Gregory Sbrocco officer: Sr. VP, Global Operations 1001 AIR BRAKE AVENUE, WILMERDING PA 15148
Lilian Leroux officer: President, Transit Group 1001 AIR BRAKE AVENUE, WILMERDING PA 15148
John A Olin officer: Executive Vice President & CFO HARLEY-DAVIDSON, INC., 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208